FBOs
Sky Harbour Poised for Continued Growth with New Funding
Company is uplisting on the NYSE
Sky Harbour hangar complex
Sky Harbour plans to have a presence at 23 airports by the end of 2025.

Sky Harbour Group, the rapidly growing developer of a network of upscale hangars for business aircraft, completed its second equity closing, issuing nearly 4 million shares of Class A common stock and raising $37.6 million. The aggregate proceeds from both equity raises have reached some $75.2 million, the company said.

Sky Harbour plans to issue another $150 million in private activity debt financing in the first half of 2025 and bring its proceeds to nearly $240 million as it works to build a nationwide network of hangars. The company said the funding will support projects at six to seven new airport campuses, representing some 800,000 sq ft of rentable space in addition to the 1 million sq ft it has already funded.

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